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Car Loan

    • Loan issued 3 times deposits
    • Loan period is a maximum of 48 months
    • Other Loan charges & fees apply
    • Interest rate is 1.5% reducing balance
    • No Guarantors are required, The Original Logbook will be the security of the loan
    • SACCO financing up to 85% of the value
    • Must have SACCO Insurance cover
    • Age Limit of vehicle should not be more than 8 years 
    • Application of Motor Vehicle Valuation and Tracking fees will apply.

    Requirements

    • Loan Application duly filled
    • Must have saved with the Sacco Consistently for 6 Months
    • Motor Vehicle Sales Agreement/ Proforma Invoice
    • Copy of Logbook/ NTSA search records
    • Compliance to Credit Policy
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